- Gold ownership to be faster and easier with the launch of gold bullion technology solution xbullion.
- xbullion gives holders direct ownership of 9999/LBMA-accredited gold from world-renowned suppliers, at near-spot prices.
- xbullion Tokens are redeemable at any time for cash, or physical gold bullion delivered by a global insured courier network.
- xbullion will initially be offered via over-the-counter desks, digital asset exchanges and through a designated online portal at trade.xbullion.io.
Sydney, Australia – 21 September, 2020: Buying, selling and storing physical gold – which has pushed through record prices – has been made faster and easier with the launch of gold bullion technology solution xbullion.
xbullion offers a global settlement layer for gold bullion that gives participants direct ownership of physical 9999/LBMA-accredited gold from world-renowned suppliers, at near-spot prices and without ongoing custody fees.
Gold is supplied to xbullion via some of the world’s largest over-the-counter desks and traded on digital asset exchanges, with bullion recorded via serial number.
xbullion Tokens are redeemable at any time for cash or physical gold, subject to a 1kg minimum delivered by an insured global courier network.
Users will receive best-in-class transparency of their investment via comprehensive audit from leading global accountancy firm BDO.
“In an environment of expansionary money supply, logistics challenges and increased demand for physical gold, xbullion is the ideal mechanism to invest securely in physical gold bullion,” said xbullion CEO David Lightfoot.
“xbullion brings together best-in-class auditing, suppliers, insurance and technology to provide 24/7/365 instant global settlement for physical gold bullion that easily integrates with existing platforms.”
xbullion digital gold (GOLD) is issued by xbullion Holdings, which is owned by Bullion Asset Management Services Pte Ltd (Singapore), and represents direct ownership in physical gold held at vaults in London, Singapore and Sydney.
xbullion is built to integrate into existing solutions, providing access to competitive pricing and market depth for physical bullion. It is also market and currency agnostic, which gives participants freedom around where, when and how their physical gold bullion is transferred on a secure network.
Purchasers of ETFs do not own the underlying gold bullion and can experience significant fluctuating premiums above spot price.
xbullion allows traditional ETF investors to directly own their gold bullion while trading at a level closely tracking the spot price provided by best-in-class suppliers. As such, xbullion allows for direct gold ownership without sacrificing liquidity or market depth.
“For investment portfolios and long-term gold holders, xbullion provides the benefits of pricing, supply, transparency, security, auditing, logistics and liquidity,” said Mr Lightfoot.
“xbullion is also ideal to serve as a backend gold management solution, allowing fractional physical bullion to be seamlessly purchased and secured.”
xbullion has received backing from strategic investors, including publicly listed blockchain technology firm DigitalX and financial services boutique Aura Group, as well as Australia’s oldest and most reputable bullion dealer Jaggards, a founding partner in the business.
The xbullion team and advisors bring a wealth of experience across precious metals, wealth management, auditing, investment banking, proprietary trading and technology. This has enabled the creation of an exceptionally competitive and secure technology solution.
The technology build out of xbullion is complete and investors can now acquire xbullion.
xbullion has launched with exchange partner Zipmex. This includes an exclusive portal accessible at trade.xbullion.io and across their exchange network, enabling trading in Singapore, Australia, Indonesia and now Thailand following a recently acquired license from the SEC. This lays the foundation for future integrations into exchanges and existing gold market solutions.
“xbullion is the smart way to securely own and trade physical gold bullion; it is vaulted, audited, insured, redeemable and instantly transferrable,” said Mr Lightfoot.
For more information visit xbullion.io.
xbullion combines the largest over-the-counter desks for 9999/LBMA-accredited gold bullion with best-in-class auditing, insurance, logistics and geo-dispersed vaulting providers. xbullion utilises a secure, digital, asset registry to provide a 24/7/365 global settlement layer for physical gold bullion that easily integrates with existing platforms. Working with some of the world’s most reputable suppliers, auditors, accountants and compliance professionals, participants have access to worldwide marketplaces for physical gold bullion at near-spot prices, without the need to pay ongoing custody fees.